ipo investment tax implication
This query is : Resolved
ishan parikh
(Querist)
16 October 2017
i am buying shares in ipo.
i got one lot.
suppose i have invested 10000
after 6 days of listing that share on stock market i am selling such shares at 15000
what would be the tax implication to that 5000 rupees?
K Srinivas, CMA CS
(Expert)
16 October 2017
WI'll be taxed as short term capital gains.
Dhirajlal Rambhia
(Expert)
01 October 2021
If it is your favorite pass time, you can declare all such transactions under Business income.
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